Redstone repeater floats in the player's hand

The bug

Redstone repeaters float in the player's hand.

How to reproduce

1. Obtain a redstone repeater in your hand
2. Enter third person view (by default, press F5 twice)
   The repeater appears floating in your hand at certain angles

Expected results

The redstone repeater would not float in your hand, and would be touching the player's hand regardless of the viewing angle.