Ramius Advisors LLC Cuts Position in RMG Acquisition Corp. III (OTCMKTS:RMGCU)

Ramius Advisors LLC lessened its position in shares of RMG Acquisition Corp. III (OTCMKTS:RMGCU) by 83.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 70,134 shares of the company’s stock after selling 365,864 shares during the quarter. Ramius Advisors LLC’s holdings in RMG Acquisition Corp. III were worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RMGCU. UBS Group AG purchased a new position in RMG Acquisition Corp. III during the 1st quarter valued at approximately $30,000. JPMorgan Chase & Co. purchased a new position in RMG Acquisition Corp. III during the 1st quarter valued at approximately $52,000. Highland Capital Management Fund Advisors L.P. purchased a new position in RMG Acquisition Corp. III during the 1st quarter valued at approximately $149,000. Landscape Capital Management L.L.C. purchased a new position in RMG Acquisition Corp. III during the 1st quarter valued at approximately $154,000. Finally, Tudor Investment Corp Et Al bought a new stake in shares of RMG Acquisition Corp. III in the 1st quarter valued at approximately $158,000.

Shares of OTCMKTS:RMGCU traded down $0.01 during trading on Wednesday, hitting $9.90. The company had a trading volume of 4,683 shares, compared to its average volume of 150,579. RMG Acquisition Corp. III has a one year low of $9.72 and a one year high of $11.15. The company has a fifty day simple moving average of $9.92 and a two-hundred day simple moving average of $9.99.

RMG Acquisition Corp. III Profile

RMG Acquisition Corp. III focuses on effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses. The company was founded in 2020 and is based in New York, New York.

Further Reading: Trading Ex-Dividend Strategy

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Institutional Ownership by Quarter for RMG Acquisition Corp. III (OTCMKTS:RMGCU)

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