[jQuery] Wrap text between two divs

[FameR]

Is there way to create element that consists html between two another
elements?

for exmple:
from this
<div>
        Some st
        <div id="1">ra</div>
        nge foobarded
        <div id="2"><div>
        text goes here
</div>

to:

<div>
        Some st
        <div id="1">ra</div>
        <div id="3">nge foobarded</div>
        <div id="2"><div>
        text goes here
</div>

or:

<div>
        Some st
        <div id="3">ra
        nge foobarded
        <div>
        text goes here
</div>