JPMorgan Chase & Co. Initiates Coverage on LifeGoal Wealth Builder ETF (NYSEARCA:WLTH)

JPMorgan Chase & Co. assumed coverage on shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) in a note issued to investors on Tuesday. The firm set an “overweight” rating and a $16.00 price target on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 17.22% from the stock’s current price.

WLTH has been the subject of a number of other reports. Citizens Jmp began coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday. They issued a “market outperform” rating and a $20.00 price target for the company. Royal Bank Of Canada initiated coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday. They issued an “outperform” rating and a $17.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday. They set an “overweight” rating and a $16.50 target price on the stock. Finally, KeyCorp started coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued a “sector weight” rating on the stock.

LifeGoal Wealth Builder ETF Stock Performance

Shares of WLTH opened at $13.65 on Tuesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 15.46 and a beta of 0.67. LifeGoal Wealth Builder ETF has a 52 week low of $11.95 and a 52 week high of $14.88. The stock has a 50 day moving average price of $10.02 and a two-hundred day moving average price of $8.93.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In related news, Director Kenneth A. Goldman sold 5,373 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total value of $75,222.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Kal Iyer sold 167,722 shares of LifeGoal Wealth Builder ETF stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $2,348,108.00. Following the completion of the transaction, the vice president owned 127,514 shares of the company’s stock, valued at $1,785,196. This represents a 56.81% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,101,965 shares of company stock valued at $15,427,510.

LifeGoal Wealth Builder ETF Company Profile

The LifeGoal Wealth Builder ETF (WLTH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that allocates to equities, debt securities and commodity-linked instruments. The fund seeks long-term capital growth. WLTH was launched on Sep 9, 2021 and is managed by LifeGoal.