Arbor Investment Advisors, LLC Buys 3M Co, Microsoft Corp, Boeing Co, Sells iShares Core U.S. Aggregate Bond

• New Purchases: MMM, BA, SON, CSCO, GOOG, WMT, JPM, AOR, GOOGL, FB, AAPL, YUM, IWR, MRK, IYG, SPY, EVF,
• Added Positions: VEA, BSV, VWO, MSFT, INTC, JNJ, PRFZ, IWF, IVV, LOW, BAC, BBT, IVW, ALL, DSI, PEP, STIP, VTWO, BTI,
• Reduced Positions: AGG, VT, STPZ, DVY, ICF, KO, IAU, ICLN,

For the details of Arbor Investment Advisors, LLC's stock buys and sells, go to https://www.gurufocus.com/guru/arbor+investment+advisors%2C+llc/current-portfolio/portfolio

1. iShares Russell 1000 (IWB) - 234,988 shares, 16.34% of the total portfolio. Shares added by 0.24%
2. Vanguard FTSE Developed Markets (VEA) - 836,555 shares, 15.11% of the total portfolio. Shares added by 6.56%
3. iShares MSCI EAFE (EFA) - 415,477 shares, 11.91% of the total portfolio. Shares added by 0.03%
4. Vanguard Total World Stock Index (VT) - 309,931 shares, 10.02% of the total portfolio. Shares reduced by 1.32%
5. Vanguard FTSE Emerging Markets (VWO) - 443,444 shares, 8.33% of the total portfolio. Shares added by 4.59%

Arbor Investment Advisors, LLC initiated holding in 3M Co. The purchase prices were between $183.76 and $210.58, with an estimated average price of $201.21. The stock is now traded at around $215.83. The impact to a portfolio due to this purchase was 0.3%. The holding were 3,215 shares as of .

Arbor Investment Advisors, LLC initiated holding in Boeing Co. The purchase prices were between $310.9 and $440.62, with an estimated average price of $384.16. The stock is now traded at around $375.46. The impact to a portfolio due to this purchase was 0.21%. The holding were 1,250 shares as of .

Arbor Investment Advisors, LLC initiated holding in Sonoco Products Co. The purchase prices were between $51.51 and $61.53, with an estimated average price of $57.42. The stock is now traded at around $62.64. The impact to a portfolio due to this purchase was 0.2%. The holding were 7,445 shares as of .

Arbor Investment Advisors, LLC initiated holding in Cisco Systems Inc. The purchase prices were between $41.07 and $53.99, with an estimated average price of $48.46. The stock is now traded at around $56.56. The impact to a portfolio due to this purchase was 0.19%. The holding were 7,905 shares as of .

Arbor Investment Advisors, LLC initiated holding in JPMorgan Chase & Co. The purchase prices were between $97.11 and $107.19, with an estimated average price of $103. The stock is now traded at around $109.94. The impact to a portfolio due to this purchase was 0.17%. The holding were 3,807 shares as of .

Arbor Investment Advisors, LLC initiated holding in Walmart Inc. The purchase prices were between $92.86 and $102.2, with an estimated average price of $97.26. The stock is now traded at around $102.43. The impact to a portfolio due to this purchase was 0.17%. The holding were 3,950 shares as of .

Arbor Investment Advisors, LLC added to a holding in Microsoft Corp by 76.36%. The purchase prices were between $97.4 and $120.22, with an estimated average price of $108.95. The stock is now traded at around $121.05. The impact to a portfolio due to this purchase was 0.21%. The holding were 9,123 shares as of .

Arbor Investment Advisors, LLC added to a holding in Intel Corp by 151.35%. The purchase prices were between $44.49 and $54.64, with an estimated average price of $50.66. The stock is now traded at around $56.28. The impact to a portfolio due to this purchase was 0.17%. The holding were 11,625 shares as of .

Arbor Investment Advisors, LLC added to a holding in Johnson & Johnson by 109.84%. The purchase prices were between $125.72 and $139.79, with an estimated average price of $133.86. The stock is now traded at around $136.52. The impact to a portfolio due to this purchase was 0.15%. The holding were 4,585 shares as of .

Arbor Investment Advisors, LLC added to a holding in Bank of America Corporation by 36.46%. The purchase prices were between $24.56 and $29.82, with an estimated average price of $28.23. The stock is now traded at around $29.83. The impact to a portfolio due to this purchase was 0.06%. The holding were 18,743 shares as of .

Arbor Investment Advisors, LLC added to a holding in iShares Core S&P 500 by 22.66%. The purchase prices were between $245.43 and $286.57, with an estimated average price of $273.1. The stock is now traded at around $291.92. The impact to a portfolio due to this purchase was 0.06%. The holding were 2,625 shares as of .

Arbor Investment Advisors, LLC added to a holding in iShares S&P 500 Growth by 20.87%. The purchase prices were between $146.51 and $173.32, with an estimated average price of $163.66. The stock is now traded at around $176.31. The impact to a portfolio due to this purchase was 0.04%. The holding were 3,353 shares as of .