Arbor Investment Advisors, LLC Buys Vanguard Short-Term Bond, PIMCO Enhanced Short Maturity Active Exchange-Trad, PowerShares FTSE RAFI US 1500 Small-Mid Portfolio, Sells Paragon Commercial Corp, South State Corp, iShares MSCI ACWI Index Fund

• New Purchases: BSV, TOWN, LOB,
• Added Positions: PRF, VEA, VT, MINT, VWO, PRFZ, BND, STIP, STPZ, ALL,
• Reduced Positions: EEM, SSB, IWF, BBT, BAC, HD, ICLN,
• Sold Out: PBNC, ACWI, DFS, PSX, GE,

For the details of Arbor Investment Advisors, LLC's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Arbor+Investment+Advisors%2C+LLC

1. Powershares FTSE RAFI US 1000 Portfolio (PRF) - 428,733 shares, 19.75% of the total portfolio. Shares added by 8.13%
2. iShares Russell 1000 (IWB) - 206,933 shares, 12.71% of the total portfolio. Shares reduced by 0.72%
3. Vanguard FTSE Developed Markets (VEA) - 682,095 shares, 12.62% of the total portfolio. Shares added by 10.65%
4. iShares MSCI EAFE (EFA) - 407,460 shares, 11.87% of the total portfolio. Shares reduced by 0.9%
5. Vanguard Total World Stock Index (VT) - 325,580 shares, 10.02% of the total portfolio. Shares added by 7.89%

Arbor Investment Advisors, LLC initiated holding in Vanguard Short-Term Bond. The purchase prices were between $78.21 and $79.06, with an estimated average price of $78.57. The stock is now traded at around $78.28. The impact to a portfolio due to this purchase was 1.25%. The holding were 38,151 shares as of 2018-03-31.

Arbor Investment Advisors, LLC initiated holding in Towne Bank. The purchase prices were between $28.1 and $32.45, with an estimated average price of $30.05. The stock is now traded at around $28.90. The impact to a portfolio due to this purchase was 0.25%. The holding were 20,770 shares as of 2018-03-31.

Arbor Investment Advisors, LLC initiated holding in Live Oak Bancshares Inc. The purchase prices were between $23.5 and $29.6, with an estimated average price of $26.42. The stock is now traded at around $29.05. The impact to a portfolio due to this purchase was 0.08%. The holding were 7,200 shares as of 2018-03-31.

Arbor Investment Advisors, LLC added to a holding in PIMCO Enhanced Short Maturity Active Exchange-Trad by 70.60%. The purchase prices were between $101.45 and $101.71, with an estimated average price of $101.57. The stock is now traded at around $101.47. The impact to a portfolio due to this purchase was 0.49%. The holding were 28,103 shares as of 2018-03-31.

Arbor Investment Advisors, LLC added to a holding in PowerShares FTSE RAFI US 1500 Small-Mid Portfolio by 27.13%. The purchase prices were between $123.59 and $136.21, with an estimated average price of $131.03. The stock is now traded at around $131.11. The impact to a portfolio due to this purchase was 0.34%. The holding were 29,440 shares as of 2018-03-31.

Arbor Investment Advisors, LLC added to a holding in iShares 0-5 Year TIPS Bond by 33.49%. The purchase prices were between $99.45 and $100.14, with an estimated average price of $99.77. The stock is now traded at around $99.90. The impact to a portfolio due to this purchase was 0.1%. The holding were 9,312 shares as of 2018-03-31.

Arbor Investment Advisors, LLC sold out a holding in Paragon Commercial Corp. The sale prices were between $52.33 and $55.96, with an estimated average price of $54.5.

Arbor Investment Advisors, LLC sold out a holding in iShares MSCI ACWI Index Fund. The sale prices were between $69.83 and $77.54, with an estimated average price of $73.63.

Arbor Investment Advisors, LLC sold out a holding in Phillips 66. The sale prices were between $89.58 and $106.9, with an estimated average price of $97.34.

Arbor Investment Advisors, LLC sold out a holding in Discover Financial Services. The sale prices were between $70.07 and $81.31, with an estimated average price of $77.2.

Arbor Investment Advisors, LLC sold out a holding in General Electric Co. The sale prices were between $12.89 and $19.02, with an estimated average price of $15.54.