Arbor Investment Advisors, LLC Buys Invesco FTSE RAFI US 1500 Small-Mid ETF, Vanguard Total Stock Market, BancorpSouth Bank, Sells Lowe's Inc, Vanguard Total Bond Market ETF, McDonald's Corp

• New Purchases: PRFZ, VTI, BXS, DSI, PRK, VTWO, HDV, TSS, AGG, JPM,
• Added Positions: EFA, BSV, EEM, STIP, VWO, ALL, BTI,
• Reduced Positions: LOW, BND, VT, KO, IWF, STPZ, WFC, DUK, XOM, T,
• Sold Out: MCD, LOB,

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. iShares Russell 1000 (IWB) - 212,850 shares, 16.11% of the total portfolio. Shares added by 0.51%
2. Vanguard FTSE Developed Markets (VEA) - 742,022 shares, 15.03% of the total portfolio. Shares added by 0.48%
3. iShares MSCI EAFE (EFA) - 423,412 shares, 13.47% of the total portfolio. Shares added by 5.31%
4. Vanguard Total World Stock Index (VT) - 316,685 shares, 11.24% of the total portfolio. Shares reduced by 4.02%
5. Vanguard FTSE Emerging Markets (VWO) - 392,091 shares, 7.52% of the total portfolio. Shares added by 2.16%

Arbor Investment Advisors, LLC initiated holding in Invesco FTSE RAFI US 1500 Small-Mid ETF. The purchase prices were between $139.56 and $146.04, with an estimated average price of $142.81. The stock is now traded at around $133.57. The impact to a portfolio due to this purchase was 2.35%. The holding were 35,361 shares as of 2018-09-30.

Arbor Investment Advisors, LLC initiated holding in Vanguard Total Stock Market. The purchase prices were between $140.41 and $151.31, with an estimated average price of $147.11. The stock is now traded at around $142.57. The impact to a portfolio due to this purchase was 0.93%. The holding were 13,270 shares as of 2018-09-30.

Arbor Investment Advisors, LLC initiated holding in BancorpSouth Bank. The purchase prices were between $32.7 and $35.1, with an estimated average price of $33.98. The stock is now traded at around $31.98. The impact to a portfolio due to this purchase was 0.87%. The holding were 56,597 shares as of 2018-09-30.

Arbor Investment Advisors, LLC initiated holding in iShares MSCI KLD 400 Social. The purchase prices were between $100.72 and $107.67, with an estimated average price of $105.22. The stock is now traded at around $101.11. The impact to a portfolio due to this purchase was 0.25%. The holding were 5,027 shares as of 2018-09-30.

Arbor Investment Advisors, LLC initiated holding in Park National Corp. The purchase prices were between $104.61 and $113.08, with an estimated average price of $109.88. The stock is now traded at around $104.59. The impact to a portfolio due to this purchase was 0.2%. The holding were 4,092 shares as of 2018-09-30.

Arbor Investment Advisors, LLC initiated holding in Vanguard Russell 2000 ETF. The purchase prices were between $131.86 and $139.1, with an estimated average price of $135.66. The stock is now traded at around $125.69. The impact to a portfolio due to this purchase was 0.16%. The holding were 2,558 shares as of 2018-09-30.

Arbor Investment Advisors, LLC added to a holding in iShares 0-5 Year TIPS Bond by 43.83%. The purchase prices were between $98.6 and $99.48, with an estimated average price of $99.01. The stock is now traded at around $98.54. The impact to a portfolio due to this purchase was 0.19%. The holding were 13,441 shares as of 2018-09-30.

Arbor Investment Advisors, LLC sold out a holding in McDonald's Corp. The sale prices were between $155.41 and $167.29, with an estimated average price of $160.26.

Arbor Investment Advisors, LLC sold out a holding in Live Oak Bancshares Inc. The sale prices were between $26.8 and $32.45, with an estimated average price of $29.94.

Arbor Investment Advisors, LLC reduced to a holding in Lowe's Companies Inc by 37.81%. The sale prices were between $94.87 and $116.84, with an estimated average price of $104.19. The stock is now traded at around $106.29. The impact to a portfolio due to this sale was -0.81%. Arbor Investment Advisors, LLC still held 27,811 shares as of 2018-09-30.

Arbor Investment Advisors, LLC reduced to a holding in Vanguard Total Bond Market ETF by 50.71%. The sale prices were between $78.44 and $79.51, with an estimated average price of $79.05. The stock is now traded at around $77.83. The impact to a portfolio due to this sale was -0.65%. Arbor Investment Advisors, LLC still held 15,935 shares as of 2018-09-30.

Arbor Investment Advisors, LLC reduced to a holding in Coca-Cola Co by 36.3%. The sale prices were between $43.75 and $46.73, with an estimated average price of $45.69. The stock is now traded at around $45.68. The impact to a portfolio due to this sale was -0.2%. Arbor Investment Advisors, LLC still held 15,858 shares as of 2018-09-30.