First Trust Capital Management L.P. raised its stake in shares of RMG Acquisition Corp. III (NASDAQ:RMGC – Get Rating) by 63.6% during the third quarter, Holdings Channel reports. The firm owned 359,636 shares of the company's stock after buying an additional 139,836 shares during the period. First Trust Capital Management L.P.'s holdings in RMG Acquisition Corp. III were worth $3,575,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. PenderFund Capital Management Ltd. boosted its holdings in shares of RMG Acquisition Corp. III by 50.2% in the 1st quarter. PenderFund Capital Management Ltd. now owns 3,155 shares of the company's stock worth $39,000 after acquiring an additional 1,055 shares in the last quarter. Condor Capital Management acquired a new position in shares of RMG Acquisition Corp. III in the 3rd quarter worth approximately $37,000. Kohlberg Kravis Roberts & Co. L.P. acquired a new position in shares of RMG Acquisition Corp. III in the 1st quarter worth approximately $109,000. Landscape Capital Management L.L.C. acquired a new position in shares of RMG Acquisition Corp. III in the 3rd quarter worth approximately $121,000. Finally, OLD Mission Capital LLC acquired a new position in shares of RMG Acquisition Corp. III in the 2nd quarter worth approximately $166,000. 78.26% of the stock is owned by institutional investors and hedge funds.
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Shares of RMGC remained flat at $10.01 on Wednesday. The stock had a trading volume of 1,354 shares, compared to its average volume of 4,770. RMG Acquisition Corp. III has a fifty-two week low of $9.75 and a fifty-two week high of $10.10. The business has a fifty day moving average price of $10.04 and a 200 day moving average price of $9.99.
RMG Acquisition Corp. III Profile
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RMG Acquisition Corp. III does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Miami Beach, Florida.
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