LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Coverage Initiated at Wells Fargo & Company

Stock analysts at Wells Fargo & Company began coverage on shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) in a research report issued on Tuesday,Benzinga reports. The firm set an “overweight” rating and a $16.50 price target on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 20.88% from the company’s current price.

Separately, Citizens Jmp initiated coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued a “market outperform” rating and a $20.00 price target for the company.

LifeGoal Wealth Builder ETF Price Performance

Shares of NYSEARCA WLTH opened at $13.65 on Tuesday. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. The business has a 50-day moving average of $10.02 and a 200-day moving average of $8.93. LifeGoal Wealth Builder ETF has a fifty-two week low of $11.95 and a fifty-two week high of $14.88.

Insider Transactions at LifeGoal Wealth Builder ETF

In related news, insider Lauren Lin sold 30,229 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $14.00, for a total value of $423,206.00. Following the completion of the sale, the insider directly owned 95,279 shares in the company, valued at $1,333,906. The trade was a 24.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO David Fortunato sold 95,416 shares of the company’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $14.00, for a total value of $1,335,824.00. Following the completion of the transaction, the chief executive officer directly owned 153,503 shares in the company, valued at approximately $2,149,042. This represents a 38.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,101,965 shares of company stock valued at $15,427,510.

About LifeGoal Wealth Builder ETF

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.