Editing the X/Y values of the Pivot property of the Rect Transform component no longer moves the sprite in the editor

1. In Assets pane, right-click > Create > Sprites > Square (or any shape)
2. Drag Square to scene
3. Add Component > Layout > Rect Transform
4. Adjust the Pivot values

Expected: In scene view, the white square will adjust its position based on the X/Y values.
Observed: The white square does not move.

Occurring in: 5.6.0b7, 5.6.0b1 onwards
Not occurring: 5.5.1f1, 5.4.4f1

Note: Saving the scene and reloading the scene will allow the Pivot value to control Square's position correctly