If you place down an armor stand, and put an item either on it's body or hand while holding the same item in your hand, It locks the item you are currently holding so you aren't able to move the item around anymore in your inventory. If you drop the item and pick it up again you'll be able to move the item around again. You can also just clear your inventory and there will be no problem at all.
Thank you for your report!
We're actually already tracking this issue at MCPE-84368, so I will resolve and link this ticket as a duplicate.
If you would like to add a vote and any extra information to the main ticket it would be appreciated.
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