Investors looking to follow the smart money and own some of the same stock as the sharpest minds on Wall Street have a new exchange traded fund to consider with the debut of the Direxion iBillionaire Index ETF (NYSEArca: IBLN) today.

IBLN follows iBillionaire Inc.’s iBillionaire Index (BILLIONR). That index “is designed to track and measure the performance those who have, over time, reaped the biggest rewards on Wall Street: financial billionaires. [Billionaire ETF on the Way]

“The iBillionaire Index, introduced in November 2013, consists of the 30 leading U.S. stocks in which a pool of up to 10 billionaires has invested the most assets. All billionaires in the pool must meet several criteria, including a portfolio turnover rate of less than 50 percent and a demonstrated long-term investment strategy,” according to a statement released by Direxion.

The index was launched in November 2013. Only money managers that oversee more than $100 million in U.S. stocks are eligible for inclusion. IBLN will only feature exposure to large-cap U.S. equities. The new ETF will charge 0.65% per year.

“This strategic beta ETF allows investors to have unprecedented access to the strategies successfully deployed by well-known billionaires, in a way that’s transparent, liquid and cost-efficient,” said Brian Jacobs, President of Direxion Investments, in the statement. “We look forward to continuing to harness our index-replication expertise to further democratize Wall Street—providing greater access to opportunities and data previously only available to the wealthiest and most sophisticated investors.”

Top-10 holdings in IBLN include a 4.1% weight to Williams Cos. (NYSE: WMB), a 3.9% allocation to Micron Technology (NasdaqGS: MU) and an almost 3.7% weight to Halliburton (NYSE: HAL). Other members of the new ETF’s top-10 lineup include Apple (NasdaqGS: AAPL), Priceline (NasdaqGS: PCLN) and Anadarko Petroleum (NYSE: APC), according to Direxion data.

IBLN is the fourth new ETF brought to market this week by Direxion. Earlier this week, the firm launched the Direxion Daily 7-10 Treasury Bull 2x Shares (NYSEArca: SYTL), Direxion Daily Small Cap Bull 2x Shares (NYSEArca: SMLL) and the Direxion Daily Mid Cap Bull 2x Shares (NYSEArca: MDLL).

ETF Trends editorial team contributed to this post.

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