Hargreaves Lansdown investors have been buying these 5 stocks ahead of the ISA deadline

The ISA 2022/23 deadline is not far away now. As a result, investors across the country increased their accounts and invested their money.

Here, I will highlight the top five stocks bought by Hargreaves Lansdowne investors last week. These are some of the shares that investors bought before the ISA deadline.

Barclays

The most bought stocks at Hargreaves Lansdown last week were Barclays (LSE: BARC). It is one of the largest bank stocks in the UK.

I can see why investors are attracted to Barclays stock right now. As a result of the banking crisis in the US, the share price fell from around 190p to below 150p.

At that price, the stock offers plenty of value as its price-to-earnings (P/E) ratio is just 4.5. Meanwhile, the current dividend yield exceeds 6%.

Now, this stock is not without risk. Currently, there is uncertainty in the global banking system.

However, I think that buying shares at current levels will probably pay off.

It is worth noting that in a research note published this morning, analysts at Berenberg wrote: “European banks are fundamentally resilient, very cheap and face persistent headwinds“.

He believes Barclays shares are ‘oversold’.

Legal & General

The second most bought stock last week was Legal & General. It is a leading insurance and investment management company.

I like this trade from Hargreaves investors. This is another stock that has fallen due to the US banking crisis. And at current rates, it offers a massive 8%+ yield.

Of course, dividends are never guaranteed. If the profit is really to take a hit, the payout can be reduced.

I think the dividend may be safe in the near term, however.

Lloyds

Lloyds Bank There was another popular show last week. It is the third most bought stock on the platform.

Like Barclays, Lloyds shares look cheap at the moment (P/E ratio is about six). They also sport an attractive yield (almost 6%).

So, buying stocks now can pay off.

The big risk here is the UK economy. Lloyds is more domestically focused than many other big banks. So, if the economic situation continues to deteriorate, the share price may fall.

Aviva

In fourth place last week was insurance Aviva.

This appears to be another high yielding game. Currently, analysts expect Aviva to pay a dividend of 32.8p per share this year. At the current share price, that equates to a yield of 8%.

It is worth pointing out that Aviva has a patchy track record when it comes to dividends. Therefore, investors should not rely on this forecast.

Scottish Mortgage Investment Trust

Finally, the fifth most traded stock on the platform is Scottish Mortgage Investment Trust.

Now, this is very different from the other four stocks listed above. The rest are all value/dividend stocks. In contrast, Scottish Mortgage is a higher growth investment trust.

However, like anything else, the share price has fallen sharply recently. Over the past year, it has dropped about 35%.

After a fall like that, I see an opportunity here. Ultimately, sentiment toward small tech companies should improve. And that’s when confidence should return.