Is there an "Auto wrap with delimiter" feature

For example, if you have any code that you've highlighted, and then press one of the following delimiter characters, it would (instead of deleting the highlighted value, wrap it in the delimiter pressed)

` (backtick) ' (single quote) " (double quote) <> [] {}

ie. Right now, if HELLO is highlighted and you press ' you would see: '

My suggestion would turn a highlighted HELLO into: 'HELLO' if you press ', or "HELLO" if you press " or <HELLO> if you press < or >, etc.