The PNC Financial Services Group reports beneficial ownership of 16.61% in Global X Artificial Intelligence & Technology ETF. The filing states 25,968,752 fund shares are beneficially owned, with 25,805,682 shares held at PNC Bank, N.A. in a fiduciary capacity.
Positive
None.
Negative
None.
Insights
Large passive position disclosed across fiduciary accounts.
The schedule amendment shows PNC holds 25,968,752 shares, representing 16.61% of the ETF. The filing attributes most shares to fiduciary accounts at PNC Bank, National Association, indicating holdings arise from client custodial or trust relationships.
Cash‑flow treatment and trading intent are not stated; subsequent filings or portfolio statements would clarify whether these positions are client-directed or part of discretionary trust mandates.
Standard Schedule 13G/A disclosure, emphasizing voting and dispositive powers.
The form lists sole voting power 25,874,514 and sole dispositive power 24,748,258, plus shared powers. These fields reflect internal custody and voting arrangements for fiduciary accounts rather than an operational change by the issuer.
Filing is an ownership update; no transaction details or changes to control are disclosed in the excerpt.
Key Figures
Beneficial ownership:25,968,752 sharesPercent of class:16.61%Shares at PNC Bank:25,805,682 shares+2 more
5 metrics
Beneficial ownership25,968,752 sharesReported total beneficially owned
Percent of class16.61%Percent of ETF class beneficially owned
Shares at PNC Bank25,805,682 sharesHeld in fiduciary accounts at PNC Bank, National Association
Sole voting power25,874,514Number of shares with sole voting power
Sole dispositive power24,748,258Number of shares with sole dispositive power
Key Terms
Schedule 13G/A, beneficially owned, sole dispositive power, fiduciary capacity
4 terms
Schedule 13G/Aregulatory
"Amendment No. 2 | Schedule 13G/A disclosure of beneficial ownership"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
sole dispositive powerregulatory
"Item 4. | (iii) Sole power to dispose or to direct the disposition of: 24,748,258"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
fiduciary capacitylegal
"are held in accounts at PNC Bank, National Association in a fiduciary capacity for clients"
How many Global X AI & Technology ETF shares does PNC (PNC) own?
PNC reports beneficial ownership of 25,968,752 shares in the ETF, representing 16.61% of the class. The filing lists specific custody allocations across PNC subsidiaries reflecting fiduciary holdings.
What portion of the holdings are in PNC fiduciary accounts?
25,805,682 shares are held at PNC Bank, National Association in a fiduciary capacity. Smaller amounts include 72,495 at PNC Delaware Trust and 71,714 at PNC Ohio Trust Company, per the filing.
Does the filing indicate who controls voting or disposition of the shares?
The schedule lists sole voting power 25,874,514 and sole dispositive power 24,748,258. It also reports small shared voting and dispositive powers, reflecting account-level voting/disposition arrangements disclosed in the form.
Is this a purchase or sale transaction disclosed by PNC?
This amendment is a beneficial‑ownership disclosure and does not specify a purchase or sale. It reports current holdings and voting/dispositive powers rather than describing a transaction or cash flow.
Which PNC entities hold the ETF shares reported in the filing?
The filing identifies holdings at PNC Bank, National Association, PNC Delaware Trust Company, PNC Ohio Trust Company, and PNC Wealth Management LLC, with most shares held at PNC Bank in fiduciary accounts.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)
Global X Artificial Intelligence & Technology ETF
(Name of Issuer)
Exchange-Traded Fund
(Title of Class of Securities)
37954Y632
(CUSIP Number)
03/31/2026
(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)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
37954Y632
1
Names of Reporting Persons
The PNC Financial Services Group, 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
PENNSYLVANIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
25,874,514.00
6
Shared Voting Power
1,385.00
7
Sole Dispositive Power
24,748,258.00
8
Shared Dispositive Power
1,218,747.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
25,968,752.00
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)
16.61 %
12
Type of Reporting Person (See Instructions)
HC
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Global X Artificial Intelligence & Technology ETF
(b)
Address of issuer's principal executive offices:
c/o Global X Funds, 605 Third Avenue, 43rd Floor, New York, NY 10158
Item 2.
(a)
Name of person filing:
The PNC Financial Services Group, Inc.
(b)
Address or principal business office or, if none, residence:
300 Fifth Avenue, Pittsburgh, PA 15222-2401
(c)
Citizenship:
Pennsylvania
(d)
Title of class of securities:
Exchange-Traded Fund
(e)
CUSIP No.:
37954Y632
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:
25,968,752
(b)
Percent of class:
16.61 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
25,874,514
(ii) Shared power to vote or to direct the vote:
1,385
(iii) Sole power to dispose or to direct the disposition of:
24,748,258
(iv) Shared power to dispose or to direct the disposition of:
1,218,747
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
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.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
PNC Bank, National Association - BK
PNC Delaware Trust Company - BK
PNC Ohio Trust Company - BK
PNC Wealth Management LLC - BD
Of the total fund shares reported herein, 25,805,682 are held in accounts at PNC Bank, National Association in a fiduciary capacity for clients.
Of the total fund shares reported herein, 72,495 are held in accounts at PNC Delaware Trust Company in a fiduciary capacity for clients.
Of the total fund shares reported herein, 71,714 are held in accounts at PNC Ohio Trust Company in a fiduciary capacity for clients.
Of the total fund shares reported herein, 18,861 are held in accounts at PNC Wealth Management LLC in a fiduciary capacity for clients.
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.
