SCHEDULE 13G: BlackRock, Inc. Discloses 38.6% Beneficial Ownership in BlackRock ETF Trust II

BlackRock, Inc. has filed a Schedule 13G, revealing a 38.6% beneficial ownership stake in BlackRock ETF Trust II as of December 31, 2024.

Summary

• BlackRock, Inc. reported beneficial ownership of 1,064,500 shares of Common Stock in BlackRock ETF Trust II.
• This ownership represents 38.6% of the total outstanding class of securities.
• BlackRock, Inc. holds sole voting power and sole dispositive power over all 1,064,500 reported shares.
• The filing is a Schedule 13G, indicating a passive investment stake, and was filed under Rule 13d-1(b) as a parent holding company or control person.
• An explanatory note indicates that this Schedule 13G is an amendment filing, but due to technical issues, it is being reflected as an initial filing on the EDGAR system.
• BlackRock Financial Management, Inc. MTM Equity, a related entity, holds more than 5% of the common stock in iShares Large Cap Moderate Buffer ETF.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a significant beneficial ownership stake by a major asset manager in one of its own ETF trusts. The high percentage of ownership (38.6%) is notable but expected given BlackRock's role. The technical issue regarding the filing type is a minor administrative detail. Overall, it's a neutral to slightly positive disclosure for the issuer, confirming a large, stable shareholder.

Positives

• BlackRock, Inc. maintains a significant beneficial ownership stake of 38.6% in BlackRock ETF Trust II, indicating a substantial and stable investment.
• The reporting person, BlackRock, Inc., has sole voting and dispositive power over all 1,064,500 shares, providing full control over these holdings.

Future Outlook

The Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding the future performance or strategy of BlackRock ETF Trust II or BlackRock, Inc.'s investment intentions beyond the certification that shares were acquired and held in the ordinary course of business and not for control purposes.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Spencer Fleming, Managing Director of BlackRock, Inc.)

Industry Context

This filing reflects a significant ownership stake by BlackRock, Inc., a global asset manager, in one of its own ETF trusts. Such disclosures are standard for large institutional investors and asset managers who hold substantial positions in various funds and companies, often on behalf of clients or through their own investment vehicles. It underscores BlackRock's role as a major player in the ETF market and its management of substantial assets.

Related Party Transactions

• The interest of BlackRock Financial Management, Inc. MTM Equity, a related entity, in the common stock of iShares Large Cap Moderate Buffer ETF is more than five percent of the total outstanding common stock.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant beneficial owner (BlackRock, Inc.) holding 38.6% of the common stock, which can indicate stability or influence.

Key Dates

Keywords

BlackRock, ETF, Trust, Schedule 13G, Beneficial Ownership, Common Stock, Investment, Passive Investment, SEC Filing, BlackRock ETF Trust II