Wells Fargo & Company Reduces Stake in Virtus Diversified Inc & Conv Fund

Wells Fargo & Company has filed a Schedule 13G/A amendment, reporting a reduction in its stake in Virtus Diversified Inc & Conv Fund. The filing indicates that Wells Fargo now holds 482,054 common shares, representing a 4.6% ownership stake, down from a previous holding of 823,572 shares. This represents a decrease of 341,518 shares, or 41.47% of its previous position. The filing also notes that Wells Fargo is filing on behalf of its subsidiaries, Wells Fargo Advisors Financial Network, LLC and Wells Fargo Clearing Services, LLC. The shares were acquired and are held in the ordinary course of business and not for the purpose of influencing the control of the issuer.