Fungicide on this Elm?

I’ve acquired this little elm last year. Not sure of the variety but this spring some of the leaves have some purple pigment to them. Feels like a fungicide but not sure. Maybe some one can help me identify the problem if indeed there is one.

Thank you

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@llittee , how did this play out?
I saw the post last year, didn’t have any advice.
Have seen it on my trees, didn’t slow them down or spread.

I ended up shading the tree protecting it from rain, tried not to over water and stopped fertilizing and eventually it corrected itself. I did cut of infected leaves the tree bounced back nicely