Shifting Holdings: A Comparison of Aviance Capital Management's Q4 2018 vs. Q1 2019

Investors will often keep a close eye on a company's quarterly reports to track its progress and growth over time. Similarly, investment firms must file reports with the SEC detailing their 13F holdings, providing crucial insights into the changes they've made to their portfolios. In this blog post, we'll examine the Q4 2018 and Q1 2019 13F holding reports of Aviance Capital Management, LLC for their Virtus Newfleet Multi-Sect Bd ETF, First Trust Tactical High Yield ETF, SPDR S&P Regional Banking ETF, and other holdings. We'll look at the changes in the firm's holdings over that period and discuss the possible reasons behind these changes.

Virtus Newfleet Multi-Sect Bd ETF

Starting with the Virtus Newfleet Multi-Sect Bd ETF, we can see that Aviance Capital Management reduced its holdings by 217,970 shares or 10.3%. The Q4 2018 report showed that the firm held 2,113,937 shares, which decreased to 1,897,967 shares in the Q1 2019 report. The estimated value of these holdings also decreased from $49,551,000 to $45,874,000. This decrease in holdings could be due to several reasons. The firm may have found other opportunities in the market and decided to allocate capital to those opportunities instead. Alternatively, they might have lost confidence in the ETF's performance, prompting them to reduce their exposure to it.

First Trust Tactical High Yield ETF

Moving on to the First Trust Tactical High Yield ETF, we can see that Aviance Capital Management reduced its holdings significantly, by 23.1%. The Q4 2018 report showed that the firm held 1,144,500 shares, which fell to 904,165 shares in the Q1 2019 report. The estimated value of these holdings declined from $51,331,000 to $43,210,000. Similar to the Virtus Newfleet Multi-Sect Bd ETF, the reduction in holdings could be attributed to the firm finding other investment opportunities in the market. Another possible reason could be that the firm believes that the ETF's performance may weaken over time.

SPDR S&P Regional Banking ETF

Aviance Capital Management increased its holdings in the SPDR S&P Regional Banking ETF by a significant 338.7%. The Q4 2018 report indicated that the firm held 55,428 shares, while the Q1 2019 report showed that this holding increased to 242,971. The estimated value of these holdings also increased from $2,593,000 to $12,474,000. The increased allocation to this ETF may have been due to the firm's outlook on the regional banking industry. They may believe this industry is poised for growth and hence increased their holdings in the ETF accordingly.

Other Holdings

Other notable changes in Aviance Capital Management's portfolio include a 157.4% increase in holdings of the Global X MLP ETF, which could indicate the firm's positive outlook on the energy sector. There was also a significant decrease of 43.5% in holdings of the AdvisorShares Newfleet Mult-Sect Inc ETF, which could mean the firm saw better opportunities elsewhere.

Conclusion

Aviance Capital Management's Q4 2018 and Q1 2019 13F holding reports provide valuable insights into the firm's investment decisions. While it's hard to know the exact reasons behind their holdings changes, one can make informed guesses based on the firm's strategy and the broader market conditions. Investors can use this information to make their own investment strategies or take a closer look at the holdings of other investment firms.