Miller Value Partners Appreciation ETF

MVPA

Market cap $65M

While the markets are generally fixated on what the Magnificent Seven is doing in terms of first-quarter earnings, there are other names investors may want to track. This morning's earnings bonanza was highlighted by names like Coca-Cola (KO), BP p.lc.

Miller Value Partners CIO and Portfolio Manager Bill Miller IV discusses the Miller Value Partners Appreciation ETF (Ticker: MVPA) with Scarlet Fu and Eric Balchunas on "Bloomberg ETF IQ."

The second quarter was relatively uneventful across markets, with both bonds and commodities largely unchanged. At the margin, we are finding some of the most compelling opportunities in energy and financials, whose prices appear to discount a much worse future than we anticipate. The MVPA appreciation fund returned -6.65% versus a 4.28% return for the S&P 500 index in the second quarter of 2024.

Miller Value Partners today rolled out its second ETF. The Miller Value Partners Leverage ETF (NYSE Arca: MVPL) implements a unique strategy, primarily investing in other ETFs offering unleveraged or leveraged exposure to the S&P 500 Index.

Miller Value Partners today rolled out an actively managed ETF with a concentrated portfolio of stocks that the fund's managers see as undervalued. The Miller Value Partners Appreciation ETF (NYSE Arca: MVPA) seeks out companies with overlooked “intrinsic value.