Forward Management, LLC Buys iShares 1-3 Year Treasury Bond ETF, SSGA SPDR S&P 500, SELECT SECTOR SPDR, Sells SPDR SERIES TRUST, PowerShares QQQ Trust Ser 1, SELECT SECTOR SPDR

• New Purchases: SHY, XLY, QTS, HPP, AOK, SDS,
• Added Positions: SPY, BPY, CLI, CLPR, CLDT, SLG,
• Reduced Positions: SBRA, LXPPC.PFD, EQIX, RLJPA.PFD, ARE,
• Sold Out: BIL, QQQ, XLK, WY, JCAP, EPRPC.PFD, XAN, CXP,

For the details of Forward Management, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/forward+management%2C+llc/current-portfolio/portfolio

1. iShares 1-3 Year Treasury Bond ETF (SHY) - 2,746,409 shares, 39.83% of the total portfolio. New Position
2. SSGA SPDR S&P 500 (SPY) - 612,806 shares, 34.41% of the total portfolio. Shares added by 106.23%
3. SELECT SECTOR SPDR (XLY) - 355,470 shares, 8.76% of the total portfolio. New Position
4. Lexington Realty Trust (LXPpC.PFD) - 243,449 shares, 2.39% of the total portfolio. Shares reduced by 1.85%
5. RLJ Lodging Trust (RLJpA.PFD) - 550,110 shares, 2.15% of the total portfolio. Shares reduced by 1.79%

Forward Management, LLC initiated holding in iShares 1-3 Year Treasury Bond ETF. The purchase prices were between $86.46 and $86.63, with an estimated average price of $86.53. The stock is now traded at around $86.42. The impact to a portfolio due to this purchase was 39.83%. The holding were 2,746,409 shares as of .

Forward Management, LLC initiated holding in SELECT SECTOR SPDR. The purchase prices were between $129 and $153.76, with an estimated average price of $141.44. The stock is now traded at around $149.98. The impact to a portfolio due to this purchase was 8.76%. The holding were 355,470 shares as of .

Forward Management, LLC initiated holding in QTS Realty Trust Inc. The purchase prices were between $61.76 and $72.56, with an estimated average price of $66.62. The stock is now traded at around $63.60. The impact to a portfolio due to this purchase was 0.27%. The holding were 25,000 shares as of .

Forward Management, LLC initiated holding in Hudson Pacific Properties Inc. The purchase prices were between $21.25 and $25.32, with an estimated average price of $23.56. The stock is now traded at around $19.75. The impact to a portfolio due to this purchase was 0.18%. The holding were 50,100 shares as of .

Forward Management, LLC initiated holding in ISHARES TRUST. The purchase prices were between $36.17 and $37.91, with an estimated average price of $37.1. The stock is now traded at around $37.30. The impact to a portfolio due to this purchase was 0.17%. The holding were 27,703 shares as of .

Forward Management, LLC initiated holding in PROSHARES TRUST. The purchase prices were between $14.3 and $19.15, with an estimated average price of $16.71. The stock is now traded at around $15.51. The impact to a portfolio due to this purchase was 0.06%. The holding were 22,968 shares as of .

Forward Management, LLC added to a holding in SSGA SPDR S&P 500 by 106.23%. The purchase prices were between $310.52 and $357.7, with an estimated average price of $331.29. The stock is now traded at around $338.22. The impact to a portfolio due to this purchase was 17.72%. The holding were 612,806 shares as of .

Forward Management, LLC added to a holding in SL Green Realty Corp by 24.88%. The purchase prices were between $43.83 and $51.24, with an estimated average price of $47.93. The stock is now traded at around $43.46. The impact to a portfolio due to this purchase was 0.02%. The holding were 10,640 shares as of .

Forward Management, LLC sold out a holding in SPDR SERIES TRUST. The sale prices were between $91.52 and $91.54, with an estimated average price of $91.53.

Forward Management, LLC sold out a holding in PowerShares QQQ Trust Ser 1. The sale prices were between $250.49 and $302.76, with an estimated average price of $271.11.

Forward Management, LLC sold out a holding in SELECT SECTOR SPDR. The sale prices were between $104.66 and $127.03, with an estimated average price of $112.96.

Forward Management, LLC sold out a holding in Jernigan Capital Inc. The sale prices were between $12.92 and $17.41, with an estimated average price of $16.

Forward Management, LLC sold out a holding in Weyerhaeuser Co. The sale prices were between $22.2 and $30.89, with an estimated average price of $27.41.

Forward Management, LLC sold out a holding in EPR Properties. The sale prices were between $17.37 and $20.81, with an estimated average price of $19.13.