It was easy to manage Favorites in Internet Explorer. However, with Microsoft Edge, it’s a completely different ball game. Microsoft Edge stores it’s favorites in a database which uses the Extensible Storage Engine.
Emmet Gray created a great program to help manage favorites stored in Microsoft Edge. If you need to move or re-arrange a folder or two or a favorite or two, then this is a bit much. However If you have imported a ton of bookmarks from another browser and want to move them around EdgeManage is the way to go. You can download the application and read more about it at: http://www.edgemanage.emmet-gray.com/index.html
More information about Emmet Gray can be found at: http://www.emmet-gray.com