Summit Financial Group Inc Buys Invesco QQQ Trust Series 1, Vanguard FTSE Developed Markets, Qualcomm Inc, Sells Highlands Bankshares Inc, Dominion Energy Inc, Quanta Services Inc

• New Purchases: QQQ, QCOM, SBUX, TMO,
• Added Positions: VEA, ACN,
• Reduced Positions: RGCO, D, MMM, EPD, BKH, KO, MO, BAX, MRK, KMB,
• Sold Out: HLND, PWR, BBT, TGT, KHC, MMP, FCCT,

For the details of SUMMIT FINANCIAL GROUP INC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=SUMMIT+FINANCIAL+GROUP+INC

1. Johnson & Johnson (JNJ) - 55,375 shares, 5.77% of the total portfolio.
2. Microsoft Corp (MSFT) - 46,783 shares, 4.04% of the total portfolio. Shares reduced by 0.24%
3. Exxon Mobil Corp (XOM) - 56,157 shares, 3.6% of the total portfolio. Shares reduced by 2.14%
4. Procter & Gamble Co (PG) - 53,892 shares, 3.38% of the total portfolio. Shares reduced by 0.24%
5. First Community Bancshares Inc (FCBC) - 110,886 shares, 2.83% of the total portfolio. Shares reduced by 0.13%

Summit Financial Group Inc initiated holding in Invesco QQQ Trust Series 1. The purchase prices were between $170.8 and $186.74, with an estimated average price of $180.83. The stock is now traded at around $185.95. The impact to a portfolio due to this purchase was 2.5%. The holding were 17,838 shares as of 2018-09-30.

Summit Financial Group Inc initiated holding in Qualcomm Inc. The purchase prices were between $55.33 and $75.09, with an estimated average price of $65.81. The stock is now traded at around $72.64. The impact to a portfolio due to this purchase was 0.18%. The holding were 3,369 shares as of 2018-09-30.

Summit Financial Group Inc initiated holding in Starbucks Corp. The purchase prices were between $48.61 and $57.45, with an estimated average price of $52.87. The stock is now traded at around $55.47. The impact to a portfolio due to this purchase was 0.16%. The holding were 3,825 shares as of 2018-09-30.

Summit Financial Group Inc initiated holding in Thermo Fisher Scientific Inc. The purchase prices were between $205.57 and $244.32, with an estimated average price of $230.05. The stock is now traded at around $247.33. The impact to a portfolio due to this purchase was 0.15%. The holding were 825 shares as of 2018-09-30.

Summit Financial Group Inc added to a holding in Vanguard FTSE Developed Markets by 781.92%. The purchase prices were between $41.81 and $43.94, with an estimated average price of $43.1. The stock is now traded at around $43.03. The impact to a portfolio due to this purchase was 1.28%. The holding were 44,246 shares as of 2018-09-30.

Summit Financial Group Inc sold out a holding in Highlands Bankshares Inc. The sale prices were between $7.12 and $7.7, with an estimated average price of $7.34.

Summit Financial Group Inc sold out a holding in Quanta Services Inc. The sale prices were between $32.82 and $35.15, with an estimated average price of $34.03.

Summit Financial Group Inc sold out a holding in BB&T Corp. The sale prices were between $48.54 and $52.98, with an estimated average price of $51.32.

Summit Financial Group Inc sold out a holding in Target Corp. The sale prices were between $75.77 and $89.26, with an estimated average price of $83.17.

Summit Financial Group Inc sold out a holding in The Kraft Heinz Co. The sale prices were between $55.04 and $64.48, with an estimated average price of $59.75.

Summit Financial Group Inc sold out a holding in Magellan Midstream Partners LP. The sale prices were between $67.47 and $71.97, with an estimated average price of $69.39.