Hanlon Investment Management Inc. Invests $1.85 Million in iShares TIPS Bond ETF (NYSEARCA:TIP)

Hanlon Investment Management Inc. purchased a new position in iShares TIPS Bond ETF (NYSEARCA:TIP) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 17,327 shares of the exchange traded fund’s stock, valued at approximately $1,846,000.

Other hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in iShares TIPS Bond ETF in the 4th quarter valued at approximately $26,000. Mainstream Capital Management LLC bought a new position in shares of iShares TIPS Bond ETF during the fourth quarter valued at $30,000. Biltmore Family Office LLC purchased a new stake in shares of iShares TIPS Bond ETF during the fourth quarter valued at $32,000. Kestra Investment Management LLC bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $45,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in iShares TIPS Bond ETF in the 4th quarter worth about $47,000.

iShares TIPS Bond ETF Stock Performance

TIP opened at $107.97 on Monday. The company’s 50-day simple moving average is $109.44 and its two-hundred day simple moving average is $108.50. The stock has a market capitalization of $14.15 billion, a P/E ratio of 12.43 and a beta of 0.29. iShares TIPS Bond ETF has a 52-week low of $104.67 and a 52-week high of $111.51.

iShares TIPS Bond ETF Profile

iShares TIPS Bond ETF (the Fund), formerly iShares Barclays Treasury Inflation Protected Securities Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Barclays U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) (the Index).