The color picker will close when selecting a new color for a Linear Color variable if the Value property is set to a value other than 0 within a Struct.
This does not seem to occur with the color picker elsewhere in the editor.
Result:
The color changes and the color picker closes.
There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-23723 in the post.
| 0 | 
| Component | UE - Gameplay - Blueprint | 
|---|---|
| Affects Versions | 4.11, 4.12 | 
| Target Fix | 4.13 | 
| Fix Commit | 3009164 | 
|---|---|
| Main Commit | 3025946 | 
| Created | Nov 20, 2015 | 
|---|---|
| Resolved | Jun 10, 2016 | 
| Updated | Apr 27, 2018 |