LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Stock Price Up 11.3% – What’s Next?

LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) shares rose 11.3% during trading on Friday . The stock traded as high as $8.10 and last traded at $8.01. Approximately 1,712,603 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 1,604,350 shares. The stock had previously closed at $7.20.

Analyst Ratings Changes

WLTH has been the subject of several analyst reports. Royal Bank Of Canada began coverage on LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set an “outperform” rating and a $17.00 target price for the company. Wells Fargo & Company dropped their price objective on LifeGoal Wealth Builder ETF from $16.50 to $15.50 and set an “overweight” rating for the company in a research note on Tuesday, January 13th. The Goldman Sachs Group began coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They issued a “neutral” rating and a $14.50 target price on the stock. Citizens Jmp initiated coverage on shares of LifeGoal Wealth Builder ETF in a research note on Tuesday, January 6th. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, KeyCorp assumed coverage on shares of LifeGoal Wealth Builder ETF in a report on Tuesday, January 6th. They set a “sector weight” rating for the company.

LifeGoal Wealth Builder ETF Price Performance

The stock’s 50 day moving average is $10.77 and its 200-day moving average is $9.18. The company has a market capitalization of $1.18 billion, a P/E ratio of 15.46 and a beta of 0.67.

Insider Transactions at LifeGoal Wealth Builder ETF

In related news, CEO David Fortunato sold 765,154 shares of the company’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 $10,712,156.00. Following the sale, the chief executive officer directly owned 1,481,051 shares of the company’s stock, valued at $20,734,714. This represents a 34.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lauren Lin sold 30,229 shares of the 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 transaction, the insider owned 95,279 shares of the company’s stock, valued at approximately $1,333,906. This trade represents a 24.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,101,965 shares of company stock worth $15,427,510 over the last 90 days.

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.