Saghmosavank (i.e. Psalm Monastery) is situated in the Ashtarak region, to the north of Mughni. The monastery was built in the 12th-13th cc by the Vachutians and consists of 4 buildings: the main church, St. Zion, the vestibule, the Blessed Virgin with the book depository and a small chapel.

The monastery was strongly damaged during the 1988 earthquake and rehabilitation works were carried out during the period of 1998-2000.