Miller Value Partners Leverage ETF (MVPL)
Miller Value Partners Leverage ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Baltimore, MD, US. The stock last traded at $44.75, up 0.00% on the session, giving a market capitalisation of $26.1M. Its beta of 1.83 implies it has historically moved more than the broad market.
The Miller Value Partners Leverage ETF (MVPL) is a dynamically managed fund that allocates its investments to other exchange-traded funds (ETFs) that track the S&P 500 Index. This fund has the flexibility to hold either standard (unleveraged) or amplified (leveraged) positions in the S&P 500. The specific level of exposure is determined by proprietary trading models, which are developed and employed by the fund's investment adviser, Miller Value Partners, LLC. Should these models signal that a non-leveraged strategy is warranted, the fund will then invest in an ETF whose primary objective is to mirror the performance of the S&P 500 Index.
Miller Value Partners Leverage ETF is most often compared with the following Financial Services names: