LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Hits New 1-Year Low Following Analyst Downgrade

Shares of LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) hit a new 52-week low during mid-day trading on Tuesday after Wells Fargo & Company lowered their price target on the stock from $16.50 to $15.50. Wells Fargo & Company currently has an overweight rating on the stock. LifeGoal Wealth Builder ETF traded as low as $9.70 and last traded at $10.83, with a volume of 1738564 shares traded. The stock had previously closed at $12.59.

A number of other research analysts also recently commented on WLTH. The Goldman Sachs Group assumed coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 price objective for the company. Keefe, Bruyette & Woods assumed coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They set an “outperform” rating and a $16.50 target price for the company. Royal Bank Of Canada assumed coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 target price on the stock. KeyCorp assumed coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They issued a “sector weight” rating on the stock. Finally, JPMorgan Chase & Co. initiated coverage on shares of LifeGoal Wealth Builder ETF in a research report on Tuesday, January 6th. They set an “overweight” rating and a $16.00 price objective for the company.

Insider Buying and Selling at LifeGoal Wealth Builder ETF

In other news, Director Kenneth A. Goldman sold 5,373 shares of LifeGoal Wealth Builder ETF stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $75,222.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Lauren Lin sold 30,229 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 value of $423,206.00. Following the transaction, the insider directly owned 95,279 shares in the company, valued at approximately $1,333,906. The trade was a 24.09% decrease in their position. 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 worth $15,427,510.

LifeGoal Wealth Builder ETF Stock Performance

The firm has a market capitalization of $1.58 billion, a P/E ratio of 15.46 and a beta of 0.67. The firm has a 50-day moving average of $10.50 and a 200-day moving average of $9.09.

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.