Conduit hand position in first person is too low

Summary
When you're holding a conduit in your hand in first person, it is positioned a bit too low, that it is almost out of the screen and barely visible.

Steps to Reproduce
1. Get a conduit.
2. Hold it on your hand in first-person.

Observed Results
The position of the conduit in first person is too low, almost out of the screen and barely visible.

Expected Results
The conduit should be completely visible, and properly held in first person like other blocks on the screen.