There is a reason why value has overtaken growth this year. It's because at some point valuation matters, said Brock Moseley, president of Miracle Mile Advisors.

Moseley is a fan of the iShares S&P 500 Value ETF (IVE) , which is up half a percent thus far in 2016, outperforming its growth counterpart, the iShares S&P 500 Growth (IVW) , by two full percentage points.

"It's got a nice 2.5% dividend and when you are stuck in a trading range you want to be in value," said Moseley.

Moseley is also positive on the iShares MSCI EAFE Minimum Volatility (EFAV) , which is up almost 1% thus far in 2016. The international stock fund owns names like Nippon Telegraph and Telephone  (NPPXF) , Swiss Re  (SSREY) and Nestle  (NSRGF)

"We like some of the weightings in EFAV more than the traditional EAFE weightings, so this ETF works well for us," said Moseley. "They are underweighting some of the sectors that we want to be underweight and they are overweighting some of the sectors that we really like."

Moseley added that the weaker currencies will also help this ETF as foreign companies export more to the strong dollar U.S. market.

Staying in foreign markets, Moseley is bullish on the iShares MSCI Emerging Markets Minimum Volume (EEMV) , up 2.4% year-to-date, saying it has a more preferable composition than the iShares MSCI Emerging Markets (EEM) , which has been the emerging market ETF standard bearer for many years.

"EEMV has been showing some strong performance and we think it is the place to be," said Moseley.

Finally, Moseley is a fan of the First Trust Preferred Securities & Income ETF (FPE) , which is down 2% thus far in 2016, but pays a healthy 6% yield.

"There are a lot of financial names in the fund so it's been a bit volatile lately, but it's calmed down," said Moseley. "You are going to get paid a beautiful dividend and a lot of those dividends will be taxed at long-term capital gains rates and we like that."

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