Hanlon Investment Management, Inc. Buys iShares iBoxx $ High Yield Corporate Bond ETF, VanEck Vectors Fallen Angel High Yield Bond ETF, SPDR Barclays High Yield Bond ETF, Sells iShares 20+ Year Treasury Bond ETF, Vanguard Intermediate-Term Corporate Bond

• New Purchases: ANGL, CWB, SPEM, VEA, VUG, VTV, VWO, VB, VTI, VXUS, IBM, T, JNJ, SCHE, EIM, PCTY, SPDW, MSCI, IGIB, VZ, JPM, AGG, GFI,
• Added Positions: HYG, JNK, IVV, IEMG, ITOT, IEFA, IXN, USMV, IJH, BOND, SCHB, XOM, SPTM, HFRO, AAPL, SPSB, SLYV, SPY, AMJ, MBB, QQQ, ACWI, IGOV, BKLN, RWR, BA, LMBS, HD, GUNR,
• Reduced Positions: VCLT, XLK, XLF, SHYG, XLV, SJNK, XLI, EMM, XLY, SPSM, XLC, XLP, XLB, XLRE, EVER, XLU, SLY, MUB, IJK, MDY, VEU, SRLN,
• Sold Out: TLT, VCIT, ABR,

For the details of Hanlon Investment Management, Inc.'s stock buys and sells, go to https://www.gurufocus.com/guru/hanlon+investment+management%2C+inc./current-portfolio/portfolio

1. Gaming and Leisure Properties Inc (GLPI) - 1,656,575 shares, 14.60% of the total portfolio.
2. Technology Select Sector SPDR Fund (XLK) - 341,992 shares, 6.42% of the total portfolio. Shares reduced by 5.39%
3. iShares iBoxx $ High Yield Corporate Bond ETF (HYG) - 349,393 shares, 6.29% of the total portfolio. Shares added by 14427.78%
4. iShares Core S&P Total U.S. Stock Market ETF (ITOT) - 336,246 shares, 5.01% of the total portfolio. Shares added by 7.85%
5. Penn National Gaming Inc (PENN) - 830,218 shares, 4.35% of the total portfolio.

Hanlon Investment Management, Inc. initiated holding in VanEck Vectors Fallen Angel High Yield Bond ETF. The purchase prices were between $28.55 and $29.85, with an estimated average price of $29.11. The stock is now traded at around $30.15. The impact to a portfolio due to this purchase was 3.42%. The holding were 559,049 shares as of .

Hanlon Investment Management, Inc. initiated holding in SPDR Barclays Convertible Securities ETF. The purchase prices were between $50.85 and $55.69, with an estimated average price of $53.17. The stock is now traded at around $57.51. The impact to a portfolio due to this purchase was 3%. The holding were 264,374 shares as of .

Hanlon Investment Management, Inc. initiated holding in SPDR Portfolio Emerging Markets ETF. The purchase prices were between $33.84 and $38.03, with an estimated average price of $36.09. The stock is now traded at around $38.34. The impact to a portfolio due to this purchase was 1.73%. The holding were 224,184 shares as of .

Hanlon Investment Management, Inc. initiated holding in Vanguard FTSE Developed Markets ETF. The purchase prices were between $39.9 and $44.4, with an estimated average price of $42.7. The stock is now traded at around $44.49. The impact to a portfolio due to this purchase was 0.77%. The holding were 85,277 shares as of .

Hanlon Investment Management, Inc. initiated holding in Vanguard Growth ETF. The purchase prices were between $161.84 and $183.14, with an estimated average price of $173.6. The stock is now traded at around $190.29. The impact to a portfolio due to this purchase was 0.68%. The holding were 18,174 shares as of .

Hanlon Investment Management, Inc. initiated holding in Vanguard Value ETF. The purchase prices were between $107.9 and $120.77, with an estimated average price of $115.63. The stock is now traded at around $121.00. The impact to a portfolio due to this purchase was 0.67%. The holding were 27,422 shares as of .

Hanlon Investment Management, Inc. added to a holding in iShares iBoxx $ High Yield Corporate Bond ETF by 14427.78%. The purchase prices were between $85.04 and $87.96, with an estimated average price of $86.41. The stock is now traded at around $88.40. The impact to a portfolio due to this purchase was 6.25%. The holding were 349,393 shares as of .

Hanlon Investment Management, Inc. added to a holding in SPDR Barclays High Yield Bond ETF by 1035.70%. The purchase prices were between $105.79 and $109.6, with an estimated average price of $107.53. The stock is now traded at around $110.20. The impact to a portfolio due to this purchase was 3.42%. The holding were 167,152 shares as of .

Hanlon Investment Management, Inc. added to a holding in iShares Core S&P 500 ETF by 93.40%. The purchase prices were between $287.78 and $324.32, with an estimated average price of $308.1. The stock is now traded at around $331.46. The impact to a portfolio due to this purchase was 0.54%. The holding were 16,942 shares as of .

Hanlon Investment Management, Inc. added to a holding in iShares Core MSCI Emerging Markets ETF by 33.08%. The purchase prices were between $47.29 and $53.99, with an estimated average price of $50.63. The stock is now traded at around $55.02. The impact to a portfolio due to this purchase was 0.5%. The holding were 181,871 shares as of .

Hanlon Investment Management, Inc. added to a holding in iShares Global Tech ETF by 239.21%. The purchase prices were between $178.53 and $211.18, with an estimated average price of $196.2. The stock is now traded at around $219.92. The impact to a portfolio due to this purchase was 0.11%. The holding were 3,694 shares as of .

Hanlon Investment Management, Inc. added to a holding in iShares Edge MSCI Min Volatility USA ETF by 115.74%. The purchase prices were between $62.68 and $65.67, with an estimated average price of $64.26. The stock is now traded at around $67.14. The impact to a portfolio due to this purchase was 0.09%. The holding were 12,295 shares as of .

Hanlon Investment Management, Inc. sold out a holding in iShares 20+ Year Treasury Bond ETF. The sale prices were between $134.91 and $145.99, with an estimated average price of $139.12.

Hanlon Investment Management, Inc. sold out a holding in Vanguard Intermediate-Term Corporate Bond ETF. The sale prices were between $90.42 and $91.79, with an estimated average price of $91.19.

Hanlon Investment Management, Inc. sold out a holding in Arbor Realty Trust Inc. The sale prices were between $12.92 and $15.53, with an estimated average price of $14.25.