[SCHEDULE 13G] iShares Global Government Bond USD Hedged Active ETF SEC Filing

Rhea-AI Filing Summary

Weil Company, Inc. reports owning 679,174 shares of BlackRock ETF Trust II - iShares Total Return Active ETF (CUSIP 092528876), representing 15.4% of the class. The filing states Weil has sole voting and dispositive power over all 679,174 shares and that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control. The statement is certified by Laura Sword, CFO and CCO, with a signature dated 08/15/2025.

Positive

• Material ownership disclosed: Weil reports a clear, quantifiable 15.4% stake (679,174 shares), meeting SEC transparency expectations
• Sole voting and dispositive power: Filing specifies Weil has exclusive authority to vote and dispose of the reported shares
• Certification of passive intent: Weil certifies the shares are held in the ordinary course of business and not to change control

Negative

• Concentrated ownership: A single reporting person holds 15.4% of the class, which can create concentration risk for other shareholders
• Limited transactional detail: The filing does not disclose acquisition dates or cost basis, so market timing and motive are unclear

Insights

Financial Analyst

TL;DR: Weil owns a material 15.4% passive stake with sole voting and dispositive power; filing is a routine disclosure.

Weil Company, Inc.'s 15.4% ownership is large enough to be material for investors but the certification emphasizes passive intent and ordinary-course holding. Sole voting and dispositive power over 679,174 shares means Weil can vote the shares unilaterally, which is an important governance fact even if the filer disclaims an intent to influence control. This filing does not include transaction dates or purchase prices, so there is no information on timing or cost basis to assess potential market impact or trading motive.

Corporate Governance Expert

TL;DR: A single entity with sole voting power holding 15.4% warrants attention for governance, though filer states no control intent.

The disclosure that Weil holds sole voting and dispositive power is material for corporate governance because a holder above 5% can affect shareholder votes by casting a large block. The explicit certification that the stake is not held to influence control clarifies intent but does not alter the factual significance of the ownership concentration. No group affiliations or arrangements are indicated, and no subsidiaries or additional parties are reported as having shared authority.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

BlackRock ETF Trust II - iShares Total Return Active ETF

(Name of Issuer)

Common Stock - ETF

(Title of Class of Securities)

092528876

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 092528876

1

Names of Reporting Persons

Weil Company, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CALIFORNIA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 679,174.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 679,174.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

679,174.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.4 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: BlackRock ETF Trust II - iShares Total Return Active ETF
(b)	Address of issuer's principal executive offices: 100 BELLEVUE PARKWAY, WILMINGTON, DELAWARE 19809
Item 2.
(a)	Name of person filing: Weil Company, Inc.
(b)	Address or principal business office or, if none, residence: 11236 EL CAMINO REAL SUITE 200 SAN DIEGO, California 92130
(c)	Citizenship: Weil Company, Inc. - CALIFORNIA
(d)	Title of class of securities: Common Stock - ETF
(e)	CUSIP No.: 092528876
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 679,174
(b)	Percent of class: 15.4 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Weil Company, Inc. - 679,174
	(ii) Shared power to vote or to direct the vote: Weil Company, Inc. - 0
	(iii) Sole power to dispose or to direct the disposition of: Weil Company, Inc. - 679,174
	(iv) Shared power to dispose or to direct the disposition of: Weil Company, Inc. - 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

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.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Weil Company, Inc.

Signature:	Laura Sword
Name/Title:	Laura Sword/CFO, CCO
Date:	08/15/2025

FAQ

Who filed the Schedule 13G for GGOV and what stake did they report?

Weil Company, Inc. filed the Schedule 13G and reported owning 679,174 shares, representing 15.4% of the class.

Does the filer have voting or dispositive power over the GGOV shares?

Yes. The filing states Weil has sole voting power of 679,174 shares and sole dispositive power of 679,174 shares.

Did Weil state an intention to influence control of the issuer (GGOV)?

No. Weil certified that the securities are held in the ordinary course of business and were not acquired to change or influence control.

Who signed the Schedule 13G and when was it signed?

The filing is signed by Laura Sword, CFO and CCO, with a signature date of 08/15/2025.

What issuer and CUSIP are referenced in the filing?

The issuer is BlackRock ETF Trust II - iShares Total Return Active ETF with CUSIP 092528876.