BNY Mellon Core Bond ETF (BKAG) Crosses Above 200 DMA

BNY Mellon Core Bond ETF (BKAG) shares have crossed above their 200-day moving average of $41.77, reaching $41.89 per share, a 0.4% increase on the day. The ETF's 52-week range is between $40.74 and $43.51 per share.

Invesco's shares (IVZ) surged to a more than two-year high on Friday after the investment manager filed paperwork to reclassify its popular QQQ ETF (QQQ) into a management company. The QQQ ETF tracks the Nasdaq 100 index (NDX) and has a market cap of approximately $360 billion. The reclassification is expected to reduce the management fee from 0.20% to 0.18% [1].

Shares of Invesco rose by ~12% to $19.39, reaching their highest level since February 2023 and posting the largest daily percentage gain since early April. The move comes as an Invesco subsidiary seeks permission from QQQ beneficial owners to operate the ETF as a management company. An Invesco subsidiary will be appointed as the investment advisor to the new management company [1].

Meanwhile, the Leverage Shares 2X Long ASML Daily ETF (ASMG) has seen high trading volumes, with its daily average of shares traded doubling over the last three months. The ETF, which invests in companies operating in the information technology, semiconductors, and semiconductor equipment sectors, reported €7.74 billion in net sales and €2.36 billion in net income for the first quarter of 2025. ASML's stock price today is 16.69, and the market cap for ASMG is 4.01 million [2].

In a separate development, BNY Mellon Core Bond ETF (BKAG) shares have crossed above their 200-day moving average of $41.77, reaching $41.89 per share on July 2, 2025. The ETF's 52-week range is between $40.74 and $43.51 per share [3].

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L6N3TF0NQ:0-invesco-jumps-to-more-than-2-year-high-after-filing-to-reclassify-360-bln-etf/
[2] https://www.investing.com/etfs/asmg
[3] https://www.bnymellon.com/etfs/bond-etfs/bny-mellon-core-bond-etf