(Bloomberg) -- It looks like a big exchange-traded fund investor went out bargainhunting and picked up some sector funds on the cheap.

Five of Fidelity Investments’s sector ETFs took in unprecedented amounts of cashWednesday, totaling about $584 million, according to data compiledby Bloomberg.

The funds, which provide exposure to stocks in health care,industrials, financials, consumer discretionary and informationtechnology, are also known for their discounted costs, onlycharging 8 basis points apiece.

The $1.7 billion Fidelity MSCI Information Tech ETF, the largestby assets of the five funds, took in the most money, $183.5million, the data show.

The fund, which trades under the ticker FTEC, holds primarilyU.S. large-cap technology stocks focused in software and services,semiconductors and hardware companies. Its largest holdings areApple Inc., Microsoft Corp., and Facebook Inc.

“ETF managers are very focused on cost, so if they’re aftercertain sector strategies, sometimes the cheapest funds will lurein investors,” said Josh Lukeman, head of ETF market making in theAmericas at Credit Suisse Group AG.

A Fidelity spokeswoman declined to comment on the flows.

Individual investors and financial advisers have access to 93commission-free ETFs through the firm’s online brokerage platforms,totaling more than $300 billion in ETF assets under administration,according to a company press release.

The commission-free ETF lineup offered on Fidelity’s platformcurrently has about $106 billion in assets under administration.Also, the firm has engaged a bit more recently in efforts to catchup with rival broker Charles Schwab.

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