LifeGoal Wealth Builder ETF (NYSEARCA:WLTH) Coverage Initiated by Analysts at JPMorgan Chase & Co.

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

Several other analysts have also recently weighed in on WLTH. Wells Fargo & Company initiated coverage on LifeGoal Wealth Builder ETF in a research report on Tuesday. They set an “overweight” rating and a $16.50 price objective on the stock. Citizens Jmp assumed coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued a “market outperform” rating and a $20.00 target price for the company. KeyCorp started coverage on LifeGoal Wealth Builder ETF in a research note on Tuesday. They issued a “sector weight” rating on the stock. Finally, Royal Bank Of Canada initiated coverage on LifeGoal Wealth Builder ETF in a report on Tuesday. They issued an “outperform” rating and a $17.00 price objective for the company.

LifeGoal Wealth Builder ETF Trading Up 3.3%

Shares of WLTH opened at $13.65 on Tuesday. The firm’s 50-day moving average price is $10.02 and its 200-day moving average price is $8.93. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 15.46 and a beta of 0.67. LifeGoal Wealth Builder ETF has a 1-year low of $11.95 and a 1-year high of $14.88.

Insiders Place Their Bets

In related news, Director Kenneth A. Goldman sold 5,373 shares of LifeGoal Wealth Builder ETF stock in a transaction dated Thursday, December 11th. The stock was 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 this hyperlink. Also, insider Lauren Lin sold 30,229 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $14.00, for a total transaction of $423,206.00. Following the transaction, the insider owned 95,279 shares in the company, valued at $1,333,906. This represents a 24.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,101,965 shares of company stock worth $15,427,510 in 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.