Conduits float when held in the player's hand

The Bug:

Conduits float when held in the player's hand.

Steps to Reproduce:

1. Obtain a conduit and hold it in your hand.
2. Toggle your perspective twice. (Hit F5 twice).
3. Look closely at the conduit in your hand.
4. Take note as to whether or not conduits float when held in the player's hand.

Observed Behavior:

Conduits float when held in the player's hand.

Expected Behavior:

Conduits would not float when held in the player's hand.